CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s What Happened

Posted by Tyrone Williams on Jan 15th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) shares traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during mid-day trading, an increase of 227% from the average session volume of 134,677 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.12 price objective on CMC Metals and gave the stock a “buy” rating in a research report on Monday, January 6th.

Read Our Latest Analysis on CMC Metals

CMC Metals Stock Down 20.0 %

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The firm has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The stock has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is owned by corporate insiders.

CMC Metals Company Profile

(Get Free Report)

CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company explores for silver, zinc, lead, gold, copper, antimony, bismuth, and tungsten deposits. It holds a 100% interest in the Silver Hart property that includes 116 claims covering an area of 2,017 hectares located in south-central Yukon.